Questions LLC
Login
or
Sign Up
Ask a New Question
Finance and Investments
Interest Rates and Investments
Investment allocation by interest rate
An executive invests $28,000, some at 8% and the rest at 5% annual interest. If he receives an annual return of $1,760, how much is invested at each rate?
at 8% interest
at 5% interest
1 answer
.08x + .05(28000-x) = 1760
You can
ask a new question
or
answer this question
.
Related Questions
A company invests $15,000.00 in an account that compounds interest annually. After two years, the account is worth $16,099.44.
Henry invests $5,000 in a mutual fund with an annual interest rate of 7.5%. He also has a 4-yr, $10,000 loan at 3.75%. When will
Three individuals form a partnership and agree to divide the profits equally. X invests $9,000, Y invests $7,000, Z invests
A man invests 10,000 dollars in two accounts, the first yielding 4 percent annual interest and the
second, 5 percent. If x
Tasha invests $5,000 annually at 6% and $5,000 annually at 8%. Thomas invests $10,000 annually at 7%. Which statement accurately
Apply the formula A=Pe^rt. Dora invests $5,000 is an account that is compounded continuously at an annual interest rate of 2.5%.
An executive invests $28,000, some at 8% and the rest at 5% annual interest. If he receives an annual return of $1,760, how much
An executive invests $22,000, some at 8% and some at 6% annual interest. If he receives an annual return of $1,680, how much is
an executive invests $29,000 some at 7% and some at 6% annual interest. if he receives an annual return of $1870, how much is
An executive invests $24,000, some at 7% and some at 5% annual interest. If he receives an annual return of $1600, how much is